Legacy Reserves Offers Units

Legacy Reserves LP (NasdaqGS: LGCY) made a public offering of series A preferred units with an underwriters’ monthlong option to purchase additional units, the company said April 10.Net proceeds from the offer will support acquisitions of oil-weighted properties in Chaves County, N.M. and Sheridan County, Mont., Legacy said.They will also support general partnership purposes such as temporary repayment of revolving credit facility debt.Stifel, Barclays and MLV & Co. are joint book-running managers, the company said, noting that Janney Montgomery Scott and Ladenburg Thalmann & Co. Inc. are co-managers.Midland, Texas-based Legacy...